Sterling Close To A Turnaround?

Posted on by Lior Alkalay

Lior Alkalay - INO.com Contributor - Forex


Ever since the surprise leave vote in the UK, investors have braced for a financial tsunami that could overwhelm the UK economy. Thus far, there has only been one real casualty—the Pound Sterling. All the while, the UK economy has surprised forecasters. The UK Manufacturing PMI already bounced back to an impressive 55.4; retail sales were surprisingly resilient and, most puzzling to economists, UK 3rd quarter GDP grew at a healthy clip of 2.3% Q3 year-over-year. So, what is really going on? Continue reading "Sterling Close To A Turnaround?" →

Pendulum Experiment No.2 Snapshot: The Majority Is Wrong So Far!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


At the start of July, I reviewed the result of the first Pendulum experiment where the loser metal Palladium could beat the supercharged Japanese Nikkei stock index. The same day at the end of the post I proposed to push the Pendulum again. This time we entered into competition the faded Nikkei index versus the matchless metal silver. Below is the graph of the bets you placed.

Chart 1. Nikkei Vs. Silver: Voting Results:

INO.com Poll

This vote clearly shows the biases of the readers as in the second experiment like in a first one the odds were in favor of the metal, at the first time it was palladium and this time it was silver. Only one person added to my voice in favor of the Nikkei as I am acting as an experimenter and chose the success of the Pendulum effect betting on the stock index to break the shutout.

Well, you will be surprised looking at the chart below as the majority’s bet is wrong so far. Continue reading "Pendulum Experiment No.2 Snapshot: The Majority Is Wrong So Far!" →

Crude Oil Falls As OPEC Meeting Falls Short

Posted on by The INO.com Team

Hello MarketClub members everywhere. Crude oil prices have fallen after news of deadlock at the OPEC meeting in Vienna. OPEC is trying to work out and implement the framework for an output reduction deal that was agreed to in September. A sit-down with non-OPEC producers including Brazil and Russia also appeared to end fruitlessly.

MarketClub's Mid-day Market Report

Stocks are little changed today, helped by positive economic data and investors reacting positively to a series of big mergers announced over the weekend and of, the presidential election. Along with the election, investors have two significant events on the economic calendar this week: a meeting of the Federal Reserve and the October jobs report. It’s almost certain that the Fed will not raise interest rates so close to the election and will wait until the December meeting to do so. However, any economic observations from the bank will be important to investors. The jobs report will be the last major piece of economic data out before the Nov. 8 election.

Key levels to watch this week: Continue reading "Crude Oil Falls As OPEC Meeting Falls Short" →

3 ETFs Investors In Their 30s Should Buy

Posted on by Matt Thalman

Matt Thalman - INO.com Contributor - ETFs


The best time to start investing, no matter you age is always now. But depending on your age, there are better investment options than others. I recently wrote a piece discussing a few of my favorite Exchange Traded Funds geared for all investors. Now I am working through different age groups and pointing out some of my favorite ETFs that are more focused on each age group based on where investors are in their life cycle and their interests.

A month ago I published a piece geared toward 20-year-olds, and today we are going to focus on ETF options that fit better for those in their 30's. By the time you turn 30, a few things have or will soon likely happen in your life. You will have begun progressing in your career, you are making more money than when you were in your early 20's, you may be a home owner or planning to become one, you either have started a family or again have plans to do so, and lastly maintaining your health. With those three things in mind, I have found a few ETFs that play into those life changes. Continue reading "3 ETFs Investors In Their 30s Should Buy" →

Stocks Turn Lower After FBI Announcement

Posted on by The INO.com Team

Hello MarketClub members everywhere. Stocks have given back earlier gains after the Federal Bureau of Investigation announced it is investigating new emails related to Democratic nominee Hillary Clinton. The market's reaction was swift dropping -.50% across the three main indexes.

MarketClub's Mid-day Market Report

In other news today, the U.S. economy grew at an annualized rate of 2.9 percent in the third quarter as reported by the Commerce Department. The 2.9 percent clip marked the fastest economic growth in two years. Economists had forecasted that the GDP would rise at a 2.5 percent annual rate in the third quarter.

Despite the moderation in consumer spending, the third-quarter rise in growth could help dispel any lingering fears the economy was at risk of stalling. Over the first half of the year, growth had averaged just 1.1 percent.

Key levels to watch this week: Continue reading "Stocks Turn Lower After FBI Announcement" →